Some observations and thoughts. I see absolutely no pump, but more importantly, I see no dump. Definitely not the trademark of a penny scam. Inca management is not selling shares for personal gain, nor for working capital or expenses.
There was a time when Inca thought it to be very important to come current and remain current with filings and they were doing just that with vigor. PR frequency increased as well. But their phylosophy or strategy obviously changed. It costs good money to file and issue PR's.
So was the decision made to put that money to more critical business building use? Did the changing regulatory environment regarding penny stocks have an impact on their decision to quit filing?
I'd bet the filing stopped for this reason. Why spend money to report what has already happened when you can use that same money to make something new happen? How about use the money to manufacture new product instead? It is quite costly to design, source material, and manufacture product. You can't sell it if you don't have the money to manufacture it. Remember, they are not selling shares to raise capital or pay expenses. The cash needed to run the business is either coming from their own pockets of from revenue being generated by sales.
Evan alluded to their decision to not update us until they reached a state of substantial revenue. What is their definition of substantial? $2mm? $4mm? $6mm. We don't really know, do we? Or, are they waiting for some profitability milestone? Again, we don't know, but they are waiting to hit some threshhold level of success before filing and PR'ing resumes. It's pretty obvious.
And another thing. Evan converted debt into shares. So far, we are not seeing an example of insiders loaning money at high interest rates or other high return pay-offs. This kind of thing happens all the time. Cash flow goes to the debt not to the bottom line.
In summary, I'd say the signs are clearly positive IMO based on what I see.
CHDO Rocket Launch
